Caribbean-based lawyer pleads guilty in laundering sting [Cayman Islands]
By David Voreacos From Bloomberg A Caribbean-based lawyer charged in a sting operation pleaded guilty to helping launder what he was told were proceeds of a bank fraud designed to hide $2 million from U.S. tax officials, according to the…
[Cayman] Liquidators hunt for alleged Centaur Litigation Ponzi scheme boss Scott Williams
By Ben Butler From The Age The Australian man alleged to be behind globe-spanning Ponzi scheme Centaur Litigation has disappeared in south-east Asia. Liquidators appointed by a court in tax haven the Cayman Islands say they cannot find Scott…
American Capital Ltd. builds on its best business
By Jordan Wathen | From The Motley Fool NOTE: Click on attachments to enlarge The oddball BDC, American Capital (NASDAQ: ACAS ), is getting some respect for what it does well: investing in collateralized loan obligations. The company calls this…
Caribbean looks to new insurance to cushion blow of natural disasters
From Anastasia Moloney From Thomson Reuters Foundation BOGOTA (Thomson Reuters Foundation) – Natural disaster-prone Caribbean countries can soften the economic impact of earthquakes and hurricanes with new disaster insurance coverage in the form of a catastrophe bond, according to the…
Antigua drug bust nets a staggering 480 kilos of cocaine
From Caribbean360 ST. JOHN’S, Antigua, Friday July 11, 2014, CMC – Two people, including a 41-year-old Guyanese born woman, are due to appear in court Friday after the Office of National Drug and Money Laundering Control Policy (ONDCP) said it…
Is Delaware a tax haven? Maybe
By Sheldon Pollack From Delaware online In recent years, the United States has campaigned against international “tax havens” that assist multinational corporations in reducing their U.S tax liabilities. This is accomplished by shifting U.S. profits to a low-tax jurisdiction such…
BRICS challenge the US dollar’s status
By Ashish Advani From Moneynews I have often spoken to you about the health of the U.S. dollar and how it is failing. The state of the U.S. fiscal deficit is the prime cause of the ill-health, as the deficits…
The Editor Speaks: Will this time be Daylight Saving Time?
For as many years as I can remember living here (30 plus) there has been much talk of the merits of Daylight Saving Time (DST). Successive governments have said they would be “seriously” looking into it. Obviously, not seriously enough…
FATCA is here but are systems fit for purpose?
The introduction of additional layers of complex regulation has led to financial institutions deploying a variety of systems to deal with new processes and procedures in order to remain compliant. In the article below, Chris Eaton of Blue Bison Software…
Expat guide to money management
From HSBCI n association with the Guardian Your money and the cost of living As an expat, or even as a potential expat, you’ll know that along with all the other things you have to think about when you’re setting…
